The pandemic outbreak has quite a significant impact on the real estate industry. The industry was in a slump for a certain time. The first reason behind was the considerable gain tax on property, and the second is the pandemic. To mitigate the slump, the government reduces the gain tax. The reputable real estate company works with reliability and can make this law advantageous for you as well.
First, for your information, the profits made via the sale of assets are the capital gains. And in Pakistan, it depends on the holding period of the immovable property and tax rates at the time of selling. This denotes the capital gain tax. Also, the more extended holding period means less tax imposition, and a lesser holding period implies the imposition of a significant surcharge. The reputable
real estate company
deals with all burdensome tax calculations efficiently. An important point to keep in mind is that the buyer will pay the withholding tax, and the seller will pay the capital gain tax.